One thing I noticed while voting in the mid terms is how being anti data center is fairly bi-partisan even for maga dick bags.
Its NIMBY meets ethics. Pure coincidence.
The, we’re going to spend 10 trillion dollars on new data centers and they will use all the water and power messaging for stock pumping while people see costs increasing and rising water and power bills was a pretty direct and understandable message. Remarkably fast turnaround though ,it shows how most concepts are ossified while this was genuinely new and people were willing to change their minds on it.
Turns out a business plan consisting of »build a trillion dollars of server farms now, figure out who pays later« gets slightly less charming once the lenders ask for actual numbers. The AI industry wanted to disrupt every profession except the ancient art of checking whether the math works.
“We plan to shoot for the moon and land on a pile of money” classic Silicon Valley businessplan.
Considering how tech CEOs are acting, with their bunkers, bodyguards, remote islands and rockets, I’m not sure they planned to come back after leaving with all our money.
leaving with all our money.
Talk is they’re planning on staying away while money and debts inflates away to zero and come back with all the deeds when the fighting stops.
Don’t you need a functioning government for a deed to have value?
Isn’t this also how the dot-com bubble sort of happened?
Yes, and every bubble before, since, and hereafter.
As someone on the inside, I can assure you that the buyers put down money up front for a specified product and delivery date. There is no speculation involved. They line up to give us money. Unless Microsoft et al. goes bankrupt, we keep building.
It’s not an issue of prediction, or prophesy, it’s that all the available information right now looks like a classic bubble. could it find profitably? idk. is it profitable? No. is there billions or trillions in debt changing hands too fast for anyone to keep track of? yes. is someone selling somke? most likely these are the situations in which con artists thrive. probably not everyone is intending to sell smoke. but not all of this is going to work out, some may come out on top, but some will fall, and that will be a bubble.
Going a step further, the builders that build with environmental and community concerns first are more likely to endure. My company does exactly that.
FTA:
Drawing on data from regulatory intelligence outfit RegLayer, the FT reports that 47 large data center projects have already fallen through this year. Analysts at the equity research firm Bernstein only believe that about 35 percent of planned facilities are feasible.
Would you dispute these claims, based on your experience?
Agreed.
lmao, which department do you work in that you’re on lemmy right now? Mail, or maybe food service?
Operations. DC manager.
So, HR? I would delete your location, btw. Don’t out yourself.
There are more than a dozen datacenters within 30 minutes of my home.
So, many are getting blocked and the AI bubble is going to pop in the next few years. Right now, this is where we stand. Notice, most are getting built where there is a lack of cool weather and water. Many states are starting to fight them because of this.
Uhh, they never were. Politicians were creaming over them because they’re basically funneling taxpayer money back to campaigns.
edit: hit wrong reply button
Good.
